ABC's diluted earnings per share should be (round answer to two decimal places)

Q: dividends amounting to P960,000 during 2022. How much did Promenade pay for its investment in…

A: Investment refers to those mechanism which is used by the company for the purpose of generating…

Q: On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary shares for…

A: GIVEN   On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary…

Q: balance in Tuao’s investment in Abulug Company

A: Balance of investment in other entity = Cost of investment + (Profit of the other entity *…

Q: On June 15, 2021, LABAN Company owns 20,000 shares with a cost of P1,000,000 of GANGDULO Company’s…

A: On 15.06.2021, LABAN company owns shares of GANGDULO company = 20000 shares Cost of purchase =…

Q: On December 31, 2020, Lea Company, an entity with no subsidiary, purchased 10,000 ordinary shares of…

A: Total outstanding shares of Sun Valley = Total outstanding shares before purchase of shares by Lea…

Q: On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary shares for…

A: The investment in shares of another company gets increased by net profit and gets decreased by…

Q: (Use the PFRS for SMEs) On December 31, 2021, Taher Co. acquired 30% of the ordinary shares that…

A: Associate - It is an entity where the investors hold significant interest or influence but it is not…

Q: On January 1, 2020, Chico Company purchased 10% of Winona Company’s outstanding ordinary shares for…

A: Introduction: If an investor owns between 20% to 50% of shares of the investee company, it is…

Q: paid direct costs of P100,000 which includes P15,000 cost of issuing and registering new shares. The…

A: There is a Bargain Purchase of 160,000  (Working attached)

Q: What amount should Eduardo report as total revenue related to its investment in Letecia Company for…

A: 1. Preference shares have first right to get Dividend.  After that            comes ordinary shares.…

Q: Panca Corporation is the parent company of Sekawan Corporation, with 90% of ownership. The following…

A: EPS = Net income / No. of outstanding shares

Q: On January 1, 2021, the Swiss Company purchased 10,000 ordinary shares at P80 per share to be…

A: Right shares are the shares issued after original issue to the existing shareholder to purchase more…

Q: On 1 January 2018, Chelsea Ltd acquired 75% of the shares in Orlando Ltd at N$126 000. At that date

A: Solution: WN -1 Statement showing calculation of Net Identifiable Assets Particulars As on…

Q: On January 1, 2021, Sampson Co. purchased 100,000, representing 10% of Fraser's outstanding shares.…

A:

Q: Dahlia Company has 35,000 ordinary shares of Amelie Corporation as an investment in equity…

A: Realized Gain on Sale:- It is a result of the selling of assets at a price higher than the original…

Q: On January 1, 2021, Familia purchased 1,600 ordinary shares of another entity for P2,000,000. At…

A: Number of shares held by Familia for year ending  December 31, 2022 = 1600×1/2 =800 shares

Q: in A net identifiable assets. XYZ's assets and liabilities on January 1, 2021 approximate their fair…

A: Solution- To calculate the goodwill the fair value of asset and liabilities of the acquired business…

Q: A. On 1 July 2020, Alba Bbd. acquired 30 per cent of the ordinary shares that carry voting rights at…

A: Investment in Equity Method Investment in equity method which are calculated on  cost basis and not…

Q: Compute for the reported net income of GHI Company from its own operation, if the net income of ABC…

A:

Q: On January 1, 2018, Any Company paid P18,000,000 for 50,000 ordinary shares of Josh Company which…

A: Solution: Investment balance on Dec 31, 2018 = cash paid for investment + share in net income -…

Q: ABC Company paid dividends of P400,000 and P600,000 at the end of 2020 and 2021, respectively. The…

A: Formula: Preferred dividend = Total Preference shares x PAR Value x Preferred rate.

Q: Princess Corp. purchased 100,000 ordinary shares at P80 per share on January 1, 2020. These shares…

A: The ordinary shares means the shares whose shareholders have the right to participate in the…